KYC Regulations for Singapore Companies

KYC Regulations for Singapore Companies

SG Company Incorporation: Guide to Know Your Customers (KYC) Regulations Since company incorporation and registration in Singapore are convenient, there have been increasing cases of money laundering and financing terrorism. Some investors establish unusual business structures while shareholders conceal their transactions. That is why The Accounting and Corporate Regulatory Authority (ACRA), together with an international…

Why Foreign Companies Relocate in Singapore

Why Foreign Companies Relocate in Singapore

Moving Business and Establishments: Why Foreign Companies Relocate in Singapore? International companies and large corporations are locating for countries with higher marketing success to meet their shareholders’ standards. These foreign investors consider varying factors to set up and operate their businesses, in which Singapore comprises, making it a prime destination for investors globally. In this…

Types of Company Shares in Singapore

Types of Company Shares in Singapore

Defining Types of Structures and Company Shares in Singapore Shareholders are entitled to participate in board meetings and influence ownership of a company in Singapore, depending on the distinct structure of shares. It is governed by the beneficial interests and the standard of the company constitution. The founders and shareholders share a bundle of rights…

BestinSingapore Recommends 3E Accounting for Accounting, Book-keeping, Company Registration & Incorporation Services

BestinSingapore Recommends 3E Accounting for Accounting, Book-keeping, Company Registration & Incorporation Services

BestinSingapore Recommends 3E Accounting for Accounting, Book-keeping, Company Registration & Incorporation Services BestinSingapore, one of the most influential websites in the region for corporate products and services online reviews, has featured 3E Accounting as one of the top choices to consider for accounting, book-keeping, company registration and incorporation services. 3E Accounting is proud to be…

Changing Forces of Accountancy

Changing Forces of Accountancy

Changing Forces of Accountancy Rapid technological advancements, such as the introduction of 5G networks and Wi-Fi 6 in the new decade, coupled with the Covid-19 pandemic that sparked the switch towards remote working, has forced the business to digitise their operations to a larger extent in order to stay relevant. While it is a prominent…

Importance of a Good Corporate Secretary

Importance of a Good Corporate Secretary

Introduction Secretaries are crucial in ensuring the daily operations of a company. Structured and efficient handling of administrative tasks and facilitating communication in the company form the backbone of a strong and successful company. Because incorporated companies are required by law to appoint a secretary, it is important to get a reliable and capable secretary…

3E Accounting Exploiting Big Data

3E Accounting Exploiting Big Data

3E Accounting Exploiting Big Data Big data and analytics have been the hot topic lately and when analytical techniques have been effectively applied to big data, businesses can benefit from the value it created. Knowing what big data means and how to utilize them is essential for businesses to improve their decision making and operations.…

Automation Shaping Businesses

Automation Shaping Businesses

Automation Shaping Businesses Technology has always been reshaping businesses, however, automation is the new game-changer. With businesses always coming up with ways to improve efficiency without sacrificing service and quality, this is where automation comes to great use. Automation is on the rise in every industry, ranging from manufacturing to service and even now, finance.…

Preparing for Blockchain

Preparing for Blockchain

Preparing for Blockchain With the introduction of emergent technologies such as Artificial Intelligence (AI), blockchain and Machine Learning (ML), the accounting profession was enhanced. Technology plays a huge role in improving the efficiency of accounting professionals but at the same time, it makes certain roles redundant. Hopping on the trend of Industry 4.0, back in…